Details

NN+ Dollar General in New Orleans MSA

951 Bayou Rd, St. Bernard, LA

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hIGHLIGHTS

Size:9,100 SF

Price:$1,673,239.00

CAP RATE:7.10%

NOI:$118,800.00

PROPERTY
OVERVIEw

DETAILS

• Frontage and access on E Judge Perez Dr and Bayou Rd
• Great visibility at signalized intersection
• Pylon signage
• Surface parking spaces
• Lease expiration date 7/31/2024
• (3) 5-year extensions remaining
• Minimal Landlord Responsibilities: Structure (EXCLUDING HVAC) and parking lot replacement

InCommercial Property Group is pleased to exclusively market for sale a Dollar General property, located in Saint Bernard, Louisiana, at the signalized intersection of Bayou Rd and E Judge Perez Dr. The 9,100 SF subject property is being offered for $1,532,903 at a 7.75% cap rate. The site has frontage and access points on both Bayou Rd and E Judge Perez Dr. The property offers pylon signage, and plenty of surface parking. Dollar General’s current lease runs through July 2022. Dollar General is a credit tenant and is publicly traded on the New York Stock Exchange (Symbol: DG) with a market capitalization in excess of $39 billion. Dollar General operates more than 15,000 stores located in 45 states.

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